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1. "Claimant" means a person who files a claim under this subsection.

SB62-AA41,2,312. "Silviculture" means theory and practice of controlling regeneration, 2composition, and growth of stands of forest vegetation using knowledge of the life 3history, characteristics, and ecology of forest trees through:

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3. "Silviculture modernization or expansion" means constructing, improving, 13or acquiring buildings or facilities, or acquiring equipment, if the buildings, 14facilities, and equipment are used exclusively for silviculture and if acquired and 15placed in service in this state during taxable years that begin after December 31, 162008, and before January 1, 2015.

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4. "Used exclusively" means used to the exclusion of all other uses except for 18use not exceeding 5 percent of total use.

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(b) Filing claims. Subject to the limitations provided in this subsection and s. 20560.209, for taxable years beginning after December 31, 2008, and before January 211, 2015, a claimant may claim as a credit against the taxes imposed under s. 71.02 22or 71.08, up to the amount of the tax, an amount equal to 10 percent of the amount 23the claimant paid in the taxable year for silviculture modernization or expansion.

SB62-AA41,3,31(c) Limitations. 1. No credit may be allowed under this subsection for any 2amount that the claimant paid for expenses described under par. (b) that the 3claimant also claimed as a deduction under section 162 of the Internal Revenue Code.

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2. The aggregate amount of credits that a claimant may claim under this 5subsection is $200,000.

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3. a. The maximum amount of the credits that may be claimed under this 7subsection and ss. 71.28 (3rm) and 71.47 (3rm) in fiscal year 2009-10 is $700,000, 8as allocated under s. 560.209.

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b. The maximum amount of the credits that may be claimed under this 10subsection and ss. 71.28 (3rm) and 71.47 (3rm) in fiscal year 2010-11, and in each 11fiscal year thereafter, is $800,000, as allocated under s. 560.209.

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4. Partnerships, limited liability companies, and tax-option corporations may 13not claim the credit under this subsection, but the eligibility for, and the amount of, 14the credit are based on their payment of expenses under par. (b), except that the 15aggregate amount of credits that the entity may compute shall not exceed $200,000. 16A partnership, limited liability company, or tax-option corporation shall compute 17the amount of credit that each of its partners, members, or shareholders may claim 18and shall provide that information to each of them. Partners, members of limited 19liability companies, and shareholders of tax-option corporations may claim the 20credit in proportion to their ownership interest.

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5. If 2 or more persons own and operate the silviculture operation, each person 22may claim a credit under par. (b) in proportion to his or her ownership interest, except 23that the aggregate amount of the credits claimed by all persons who own and operate 24the operation shall not exceed $200,000.

SB62-AA41,4,21(d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the 2credit under s. 71.28 (4), applies to the credit under this subsection.

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2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise 4due under s. 71.02 or 71.08, the amount of the claim not used to offset the tax due 5shall be certified by the department of revenue to the department of administration 6for payment by check, share draft, or other draft drawn from the appropriation 7account under s. 20.835 (2) (ba).".

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1. "Claimant" means a person who files a claim under this subsection.

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2. "Silviculture" means theory and practice of controlling regeneration, 19composition, and growth of stands of forest vegetation using knowledge of the life 20history, characteristics, and ecology of forest trees through:

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3. "Silviculture modernization or expansion" means constructing, improving, 6or acquiring buildings or facilities, or acquiring equipment, if the buildings, 7facilities, and equipment are used exclusively for silviculture and if acquired and 8placed in service in this state during taxable years that begin after December 31, 92008, and before January 1, 2015.

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4. "Used exclusively" means used to the exclusion of all other uses except for 11use not exceeding 5 percent of total use.

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(b) Filing claims. Subject to the limitations provided in this subsection and s. 13560.209, for taxable years beginning after December 31, 2008, and before January 141, 2015, a claimant may claim as a credit against the taxes imposed under s. 71.23, 15up to the amount of the tax, an amount equal to 10 percent of the amount the 16claimant paid in the taxable year for silviculture modernization or expansion.

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(c) Limitations. 1. No credit may be allowed under this subsection for any 18amount that the claimant paid for expenses described under par. (b) that the 19claimant also claimed as a deduction under section 162 of the Internal Revenue Code.

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2. The aggregate amount of credits that a claimant may claim under this 21subsection is $200,000.

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3. a. The maximum amount of the credits that may be claimed under this 23subsection and ss. 71.07 (3rm) and 71.47 (3rm) in fiscal year 2009-10 is $700,000, 24as allocated under s. 560.209.

SB62-AA41,6,31b. The maximum amount of the credits that may be claimed under this 2subsection and ss. 71.07 (3rm) and 71.47 (3rm) in fiscal year 2010-11, and in each 3fiscal year thereafter, is $800,000, as allocated under s. 560.209.

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4. Partnerships, limited liability companies, and tax-option corporations may 5not claim the credit under this subsection, but the eligibility for, and the amount of, 6the credit are based on their payment of expenses under par. (b), except that the 7aggregate amount of credits that the entity may compute shall not exceed $200,000. 8A partnership, limited liability company, or tax-option corporation shall compute 9the amount of credit that each of its partners, members, or shareholders may claim 10and shall provide that information to each of them. Partners, members of limited 11liability companies, and shareholders of tax-option corporations may claim the 12credit in proportion to their ownership interest.

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5. If 2 or more persons own and operate the silviculture operation, each person 14may claim a credit under par. (b) in proportion to his or her ownership interest, except 15that the aggregate amount of the credits claimed by all persons who own and operate 16the operation shall not exceed $200,000.

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(d) Administration. 1. Subsection (4) (e), (g), and (h), as it applies to the credit 18under sub. (4), applies to the credit under this subsection.

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2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise 20due under s. 71.23, the amount of the claim not used to offset the tax due shall be 21certified by the department of revenue to the department of administration for 22payment by check, share draft, or other draft drawn from the appropriation account 23under s. 20.835 (2) (ba).".